In fact, we have two tenants (two house) in California that came into financial difficulties and both had one of their cars repossessed.

Connect with me here on BP and I will let you know how to get vacant or financial distress leads for your market.

Congrats on finding an opportunity and taking action.

As rent increases with inflation, the rest of your numbers will follow.If buying a condo, thoroughly review the financials and make sure reserve account balances are in line with the most recent reserve study.  

You can try dominion financial and mention my name.  

What I've found is there are particular niches of interest to me that make it easier to focus on a plan of action.

Ideally, I would like to start flipping houses once my wife is finished with school, for more financial stability in case my first deal is a flop.

Hi all,I recently decided to start my journey towards a more stable financial future and after reading some books and looking in to real state i stumbled upon BiggerPockets podcast.  

Were the late payments far enough in the past that they indicated a temporary problem that is now resolved, or are they recent and indicate a deteriorating financial condition?

There may be some truth to that, but people who are consistently plunking down $100K in cash didn't get that money by being financially illiterate.